open order

Definition of "open order"
  1. It refers to the instruction given to purchase securities or futures of commodities, which remains active until the order is completely executed or explicitly canceled
How to use "open order" in a sentence
  1. The investor gave an open order to his broker to buy 500 shares of a particular company.
  2. Since the stock price didn't reach the specified price, the open order wasn't executed today.
  3. The broker canceled the open order as directed by the client.

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